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SIGNS IN THE MARKET – GOOD TIME TO BUY COMMERCIAL REAL ESTATEDecember 18, 2014
It may be easier for Ben Bernanke to get a loan to buy an apartment building than to refinance his home mortgage.
While addressing a conference of the National Investment Center for Seniors Housing and Care in Chicago this fall, the former chairman of the Federal Reserve mentioned that he and his wife had recently been turned down by their lender after seeking to refinance their mortgage.
“The housing area is one area where regulation has not yet got it right,” Bernanke said. “I think the tightness of mortgage credit, lending is still probably excessive.”
Meanwhile, it certainly appears that commercial lenders have gotten it right, judging by the flood of capital available for commercial real estate borrowers.